1
Q
Define short term funds
A
Have to pay in 1 year
2
Q
Define short-term funds
A
Sources of founds to pay back acter 1 year
3
Q
Define long term funds
A
Sources of funds to pay in 2 years or over one year
4
Q
Why are direct costs = variable cost
A
- direct costs: related to product;
- variable costs: changes with output;
- if no output, no direct cost, therefore direct costs = variable cost:
IB Business Management
flashcards
Decks in class (19)
# Cards
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Unit 1.1, 1.2, 1.358
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Unit 1.4 (the Business Environment Analysis)43
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Unit 1.625
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Unit 2.1 (Human Resource Management)39
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Unit 3.1: Sources of Finance60
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3.2: Costs and Revenues50
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3.4: Statement of financial position (final accounts)69
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Formulae4
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Unit 3.6: ratio analysis31
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Balance Sheet6
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2.1 HR (book)121
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3.7: (Finance) Cash Flow22
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3.8: Investment Appraisal8
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3.9 Budgeting12
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4.1: The role of Marketing49
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4.1 Introduction to marketing11
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4.2 Marketing Planning5
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4.4 Market Research14
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Operations6
